Analyst: the iPhone 5 is a Rolex of smartphones

Despite lack of NFC (here’s why) and wireless charging (you still need to plug a wireless charging device somewhere), the manufacturing precision with which the iPhone 5 is made is seen as one of its biggest selling points. Piper Jaffray analst Gene Munster previously predicted “the biggest consumer launch in history” , calling the iPhone 5 arrival “the mother of all upgrades” . He’s back at it again, likening the iPhone 5 in today’s note to clients to “a Rolex among a sea of Timexes” … Compared to the exquisite build quality of the iPhone 5, competing phones, Munster writes, feel like plasticky Timexes. Fortune’s Philip Elmer-DeWitt relays the note : We view the iPhone 5 as the Rolex of smartphones in terms of quality and build. While the majority of other phones are dominated by lesser quality plastic and feel more like Timexes. Why would someone buy a Timex when they ca...